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Author profile

Carmen Reichman

Carmen Reichman

Carmen joined Professional Adviser in May 2013 following a brief stint on a private equity title. She specialises in regulation, and covers the networks and nationals patch.

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Articles by Carmen Reichman

Investment

Govt lost £180m on Royal Mail privatisation - report

The government's privatisation of the Royal Mail was underpriced by £180m, a report commissioned by Business Secretary Vince Cable has suggested.

clock 18 December 2014 •

RDR

The FCA's guide to good and bad practice in ongoing advice

The Financial Conduct Authority (FCA) has outlined a number of good and bad practice scenarios around the design and delivery of ongoing advice.

clock 17 December 2014 •

RDR

FCA refers one firm to enforcement over RDR changes

The Financial Conduct Authority (FCA) has found increased professionalism in the advice sector and better disclosure of services and charges, but one firm has been referred to enforcement for "insufficiently engaging" with the Retail Distribution Review...

clock 16 December 2014 •

Charging

Advice needs to be 'commoditised' to attract consumers - Unbiased

Financial advice should be grouped by type of service and given price tags to break down the barriers consumers often face when shopping for it, Unbiased chief executive Karen Barrett has suggested.

clock 16 December 2014 •

Regulation

IFA: Less than 10% of people need advice

Less than a tenth of the population has complex enough needs to warrant the fees they would pay for advice, and would be better served by guidance, an IFA has said.

clock 15 December 2014 •

Regulation

FCA tweaks existing complaints time limit rules as long-stop project resumes

The Financial Conduct Authority (FCA) has said a project considering the re-introduction of a 'long-stop' on advice complaints being referred to the ombudsman will continue despite initial concerns it could be incompatible with European legislation.

clock 12 December 2014 •

Income

Network calls for 'sensibly priced' retirement advice to combat non-advised drawdown trap

The chairman of IFA network Sense has called on advisers to come up with a "sensibly priced" at-retirement service, saying the prospect of non-advised drawdown left him "horrified".

clock 12 December 2014 •

Income

Public wants quality-of-advice benchmark, report suggests

Consumers are put off seeking regulated advice because they don't know how to judge its quality, research commissioned by the Financial Conduct Authority (FCA) suggests.

clock 11 December 2014 •

Regulation

Eight changes the FCA has made in response to the Davis report

The Financial Conduct Authority (FCA) said it has overhauled its systems and processes after it was found to have been "seriously inadequate" in its response to a media blunder earlier this year.

clock 10 December 2014 •

Regulation

FCA apologises for 'seriously inadequate' behaviour found in Davis review

The Financial Conduct Authority (FCA) has apologised for the shortcomings in its handling of a media briefing ahead of the publication of its latest business plan, saying it accepted the criticisms and would implement changes to "sharpen its focus".

clock 10 December 2014 •
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